What does incremental cost mean?
Definitions for incremental cost
in·cre·men·tal cost
This dictionary definitions page includes all the possible meanings, example usage and translations of the word incremental cost.
Princeton's WordNet
marginal cost, incremental cost, differential costnoun
the increase or decrease in costs as a result of one more or one less unit of output
ChatGPT
incremental cost
Incremental cost refers to the change in total cost that results from producing or acquiring one additional unit of a product or service. It considers all the direct costs associated with increasing production, such as raw materials, labor, and logistical expenses, as well as indirect costs, such as additional infrastructure requirements and administrative expenses. Incremental cost analysis is used by businesses to aid in decision-making regarding scaling operations, pricing strategies, and identifying profitable activities.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of incremental cost in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of incremental cost in Pythagorean Numerology is: 9
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"incremental cost." Definitions.net. STANDS4 LLC, 2024. Web. 30 Apr. 2024. <https://www.definitions.net/definition/incremental+cost>.
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